Overview

PayMongo Wallets provide a secure and flexible way to store, manage, and move funds within your platform. Whether you're powering a marketplace, e-commerce app, or digital service, Wallets enable real-time fund flows for receiving payments, making disbursements, or enabling user-to-user transfers—all from one unified system.
Wallets support multiple funding sources and transfer methods, and are designed to integrate easily with your business logic and payout flows.

Key Features

• Secure Digital Fund Storage
  Hold funds safely in SOC 2 Type 2-certified infrastructure, with compliance-grade controls and visibility.
• Send and Receive Funds with Ease
  Support for multiple transfer methods and incoming fund allocations.
• Cost-Effective Transfers
  Affordable and transparent pricing for sending, storing, and moving funds.
• Multi-Wallet Support (Coming Soon)
  Platform merchants will soon be able to create and manage multiple wallets under a single organization—ideal for managing sub-accounts or business units.

Pricing

Setting up a PayMongo Wallet is free for most users. However, platform businesses are charged a monthly maintenance fee depending on the tier they manage. This helps support ongoing operational and infrastructure costs associated with maintaining multiple wallets. For more information, see Pricing.